ARTIFICIAL INTELLIGENCE
Artificial Intelligence (AI), a branch of computer science, is concerned with developing computers capable of doing tasks that would typically need human intelligence. Such tasks include learning from and adjusting to new facts or situations, reading human language, discovering patterns, problem-solving, and decision-making. AI is largely classified into two types: Narrow AI refers to systems designed to do a single job, such as facial recognition or web searches, within a set of limits. This category includes AI technology that we encounter in our daily lives, such as voice-activated assistants, recommendation engines, and picture recognition software. General AI: These systems can accomplish every cognitive activity that a person can. They are capable of comprehending, learning, adapting, and applying knowledge in a variety of contexts.
Meta Introduces Purple Llama: Enhancing Generative AI Safety and Security
Meta's Purple Llama project enhances generative AI safety and security through CyberSec Eval and Llama Guard, collaborating with major tech entities for responsible AI development.
Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation
Singapore's updated National AI Strategy 2.0, launched on Dec 4, focuses on expanding AI talent to 15,000, building an AI community hub, and integrating AI across various sectors for public good.
Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring
Sam Altman returns as OpenAI's CEO, with a reconstituted board, after a brief ouster, underscoring his pivotal role in the AI industry.
Over 1 Million Applicants Join Nigeria's 3MTT AI Program
Nigeria's 3MTT program, led by Bosun Tijani, is attracting over one million applicants, demonstrating the country's commitment to AI education and fostering a technologically skilled workforce.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
MicroStrategy Q3 2023: 158,400 Bitcoin Holdings at $29,586 per BTC
MicroStrategy Incorporated reveals Q3 2023 financial results, highlighting continuous acquisition of bitcoin and AI software launch. The company's bitcoin holdings now stand at 158,400 with a total cost of $4.69 billion. Software Licenses and Subscription Services Revenues observed notable growth, indicating a positive trajectory in its business intelligence domain.
Greece Establishes High-Level Advisory Committee for Artificial Intelligence Strategy
Greek Prime Minister Kyriakos Mitsotakis announced the formation of a High-Level Advisory Committee for AI on October 19, 2023. Led by MIT Professor Constantinos Daskalakis, the committee aims to prepare Greece for the rapid advancements in AI and their applications. The committee will focus on long-term national strategy, including policy development and guidelines, in key areas such as economy, society, and innovation.
Visa Announces $100 Million Fund for Generative AI in Commerce and Payments
Visa Inc. has announced a $100 million fund to invest in generative AI technologies that are relevant to commerce and payments. The initiative, led by Visa Ventures, aims to foster innovation in the rapidly evolving field of artificial intelligence.
Neara Secures $24M Series B Boosting Utilities' Resilience and Renewable Energy Integration
Neara, with a fresh $24M Series B funding, is set to bolster its AI-centric infrastructure modeling platform, aiming to mitigate climate risks faced by utilities and accelerate renewable energy integration. The investment led by Prosus Ventures will fuel Neara's global expansion and the development of its novel System of Enablement functionality, facilitating a smoother transition towards renewable energy, especially in the US and Europe.
What is Conch AI?
Conch AI is an AI-powered writing assistant offering features like rewriting, summarizing, answering questions, and generating text. It also bypasses AI detection algorithms. Available as a Chrome extension.
EminiFX CEO Sentenced to Nine Years for $240 Million Crypto Fraud Scheme
EminiFX CEO, Eddy Alexandre, sentenced to nine years for defrauding investors of $240M through fabricated returns and false AI trading claims.
What Happens When AI Meets Bitcoin and Crypto: Insights from Arthur Hayes
Arthur Hayes discusses the potential impact of AI on society, predicting that AI and robotics will eliminate tedious work, leading to a renaissance of art and culture. He believes AI could overtake humans and change the course of humanity overnight. Hayes believes Bitcoin will be the currency of choice for AI due to its digital nature, censorship resistance, and energy purchasing power.
Mastercard Uses AI to Combat Real-Time Payment Scams
Mastercard has introduced a brand new artificial intelligence (AI)-powered solution with the intention of assisting financial institutions in combating payment fraud and scams in real time, ahead of any potential monetary abuses.
Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion
HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name "HIVE Digital Technologies Ltd." This rebranding initiative is designed to mirror the company's progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia's superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI).
Senator Michael Bennet Urges Tech Giants to Curb AI-Generated Misinformation
U.S. Senator Michael Bennet from Colorado has today called on leaders of prominent technology and artificial intelligence (AI) companies, including Meta, Alphabet, Microsoft, Twitter, TikTok, and OpenAI, to implement proactive strategies to combat the proliferation of misleading AI-generated content.